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Thread: Indo - adjustment may be as high as €15 billion

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    Default Indo - adjustment may be as high as €15 billion

    and so it appears that Lenihan and friends have been misleading us again

    "And it's clear the Government have known for months just how bad the figures were," the source said.
    Double the pain - National News, Frontpage - Independent.ie


    The cutbacks target for December 7 could be as high as €4.5bn to €6bn, depending on how much "frontloading" the Government believes the economy can sustain.

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    Didnt you see propaganda Pat tonight ? Thats all in the past ! Even if you read it next week ! Just move on . Whats done is done and what is to be done is not for us to decide . Now quiet down and drink the 'kool aid' (wiki it !) .

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    ndia raised interest rates for the second time in a month this week, joining Malaysia and Australia in increasing borrowing costs, while Thailand, South Korea and Indonesia have remained on hold.

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    Politics.ie Member nicht besonders's Avatar
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    Quelle surprise.
    'Politics' is made up of two words, 'poli,' which is Greek for 'many,' and 'tics,' which are blood-sucking insects. - Gore Vidal

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    'No belief ' 3% deficit target will be met - The Irish Times - Tue, Oct 19, 2010

    IRISH TAXATION INSTITUTE DEBATE: BEHIND CLOSED doors, “I don’t think anyone believes” Ireland is going to reach a target of a 3 per cent deficit by 2014, economics professor Karl Whelan told a meeting organised by the Irish Taxation Institute in Kildare St, Dublin, last night.

    He said he believed people should focus on the upcoming budget and getting the public finances on the right path. Otherwise Ireland might not be able to return to the bond markets and the International Monetary Fund would introduce a four-year plan for the economy that would be worse than the worst imaginings of the secretary general of the Ictu, David Begg.

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    Quote Originally Posted by jacko View Post
    and so it appears that Lenihan and friends have been misleading us again



    Double the pain - National News, Frontpage - Independent.ie
    Why dont you read the exchequer numbers before saying you are being mislead. Quite frankly, that statement reflects exactly why we are in this position in the first place.

    People are like sheep and believe everything they want to. It is bad, really bad so deal with it.

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    Politics.ie Member ONQ's Avatar
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    Quote Originally Posted by jacko View Post
    and so it appears that Lenihan and friends have been misleading us again



    Double the pain - National News, Frontpage - Independent.ie
    The banks aren't lending so the recovery is stunted.
    The government departments aren't spending so the recovery is stunted.
    Two things that should have us all on the streets to demand the government policy changes in these two areas.

    The two percent growth is a recovery without jobs, based on the increased exports of multi-nationals who are located here, not on increased economic activity within this country.
    We are still being led by non-business people, who won't take the cuts needed in the public service and won't stimulate the economy as required.
    Taking money out of the public service may put some on the dole for a while, but investing the money saved in the economy will turn us around.

    There is a balance, but they aren't even attempting to balance things.
    Nor do I think Burton and Bruton will do a better job.
    We are so screwed!

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    Politics.ie Member bormotello's Avatar
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    Quote Originally Posted by ONQ View Post
    The banks aren't lending so the recovery is stunted.
    The government departments aren't spending so the recovery is stunted.
    Two things that should have us all on the streets to demand the government policy changes in these two areas.
    If recovery will be based only ob lending by banks and government spending – it will be false recovery, the same as it was false growth during property bubble
    Quote Originally Posted by ONQ View Post
    The two percent growth is a recovery without jobs, based on the increased exports of multi-nationals who are located here, not on increased economic activity within this country.
    Government should stimulate creation of own export orientated companies.

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    Quote Originally Posted by TonyBird View Post
    Didnt you see propaganda Pat tonight ? Thats all in the past ! Even if you read it next week ! Just move on . Whats done is done and what is to be done is not for us to decide . Now quiet down and drink the 'kool aid' (wiki it !) .
    Oh the populist tripe on the Bluntwhine last night.

    We need a grand big Oak tree in the middle of Ireland to grow money and we can plug the deficit that way..

    Give me fifty grand and I'll can turn this economy around.....

    I reckon Herr EU has dictated Lennie to go for a €6 Billion cut of a budget or else they will foreclose. We will be warmed up for this over the next 2 months by the Psyops in the DoF and the corporate media.

    Meanwhile every Monday night the flicking between the Apprentice and the Frontline can provide some comic relief for us.
    “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” - Friedrich A. Hayek

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    Cut €15 billion without sinking the country? LOL ?

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